Realtime Robotics raises $18 million Series A funding

Realtime Robotics, a provider of responsive motion planning for industrial robots and autonomous vehicles, says it has raised $11.7 million in Series A funding. The round was led by Sparx Asset Management, and included participation from Mitsubishi Electric, Hyundai, and Omron Ventures, alongside existing investors Toyota AI Ventures, Scrum Ventures, and the Duke Angel Network. The new capital will be used to accelerate the development of more commercial product releases and expand the team to support key customers and partners across the globe. The interest in the round reflects Realtime Robotics' first-mover advantage in the market for solutions that eliminate the obstacles to widespread adoption of advanced automation in industrial, agriculture, food service, construction, healthcare, and consumer settings. Despite the growing demand for automation, today's robots are not safe or smart enough to navigate in dynamic, unstructured environments, without costly safeguards and oversight.